OAR 459-007-0510: Crediting Earnings to Employer Contribution Accounts

When funds are transferred from an employer contribution account to the Benefits-In-Force Reserve due to a member’s death, disability retirement, service retirement or other purpose, earnings shall be credited to the employer contribution account in the manner specified in this rule. (1) Earnings shall be credited based on the same method used to determine the rate of earnings to be credited to member accounts upon a member’s death or retirement. (2) Earnings shall be credited at year-end closing on a retroactive basis, effective as of the first of the calendar month following the date of the transfer.